Ksh 10,000,000 loan at HFC Limited for 3 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 366,510. Total cost: Ksh 13,194,347 (Ksh 3,194,347 interest).
Monthly repayment
Ksh 366,510
At 18.99% · 36 payments
Total repayment
Ksh 13,194,347
1.32× the borrowed amount
Total interest
Ksh 3,194,347
Ksh 637,120 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 2,728,526 | Ksh 1,669,590 | Ksh 7,271,474 |
| Year 2 | Ksh 6,022,762 | Ksh 2,773,469 | Ksh 3,977,238 |
| Year 3 | Ksh 10,000,000 | Ksh 3,194,347 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 10,000,000 loan over 3 years would run about Ksh 324,365/month — saving Ksh 1,517,218 in interest. See the Citibank N.A. Kenya version →